Welcome to the Fresh Start BC Brochure

Declaring Bankrupcty or filing a consumer proposal is a choice made by thousands of honest hard working people every year.

Try a fresh approach to starting over with our five easy steps to financial freedom.

STEP TWO - KNOWING WHY

Debt is one of the biggest problems with money. Sometimes it is because people continue to spend more money than they have. At other times, it may be due to the wrong actions of others. Debt always brings much stress, anxiety and worry.

At times, money worries can become too stressful to deal with. Unfortunately money problems don't just go away. The longer there left alone, the bigger they become. By seeking out professional help, you will be able to regain financial control.

At the time of filing the bankruptcy documents, a creditor is prohibited from contacting you, instituting or continuing any legal action against you unless they obtain permission (leave) from the Bankruptcy Court. You will be discharged from all your obligations except those under section 178 of the Act. The release from the debts is achieved by getting a "discharge" from bankruptcy.

At the time of filing a consumer proposal, a creditor is prohibited from contacting you, instituting or continuing any legal action against you unless they obtain permission (leave) from the Bankruptcy Court. Interest on the amounts owing to the creditors stops accruing at the time of filing the consumer proposal.

We will arrange for two counselling sessions during your bankruptcy or consumer proposal. The counselling will help you to discover and understand the cause(s) of your bankruptcy, which sometimes is non-budgetary. These sessions will also provide information to assist you in managing your financial affairs in the future. You must attend both of the counselling sessions in order to obtain your discharge from bankruptcy.